Chevrolet offers 0% financing on used Bolt EV and Volt
If you are considering a used electric car, this might be a good time to take action. General Motors is offering 0% TAP financing for 72 months on used Chevrolet Bolt EV electric cars and Chevy Volt plug-in hybrids, according to our companion site. CarsDirect, who cited a newsletter sent to dealers last week.
The deal, which runs until February 1, is the type of offer typically reserved for new cars.
Only factory-certified used cars are eligible, the website said, adding that dealers can certify used cars to their own standards, but those dealer-certified vehicles are not eligible for the agreements. financing of the automaker. Chevrolet also offers a 12-month bumper-to-bumper warranty and a 6-year powertrain warranty for its factory-certified used cars, as well as roadside assistance and two free service visits.
The reason for the used model agreements may be that this vintage’s Bolt EVs are currently limited to 90% of their battery capacity, as GM and cell supplier LG Chem are working on a solution to a potentially related issue. to the risk of fire from Bolt EV.
2018 Chevrolet Bolt EV
The 2020 Bolt EV and certain 2019 models are not affected by this issue. For 2020, Chevy upgraded the battery to 66kwh and 259 miles of rated range, up from the previous 60kwh and 238 miles.
The new 2020 Bolt EV sedans are also eligible for 0% TAP financing, but with a duration of 84 months, according to CarsDirect. The deal also includes $ 7,000 in down payment assistance, and Chevy is offered a separate “conquest bonus” of $ 750 to buyers coming from another brand, the website noted.
Meanwhile, GM has revealed a number of details about the Bolt EUV 2022, a slightly larger model that will offer Super Cruise driver assistance technology, but will remain front-wheel drive only.
It’s in GM’s best interest to fix the Bolt EV issues before the automaker’s next all-electric model arrives: the $ 112,595 GMC Hummer EV Edition 1.